Give while you shop

Annual Report 2016

We thank God for a positive financial outcome for 2016. The net outcome for unrestricted funds was for a surplus of receipts over payments of £13,075 (2015: £11,680), which will be used for the major expenditure envisaged for 2017.

Total receipts for the year, adjusted for fete expenses, was £60,350 received as illustrated opposite. Total expenditure (excluding fete expenditure) during the year was £27,681 so there was a surplus of £32,669, which is carried forward to meet fabric expenditure in 2017.

Near record Church Fete supports provision of new facilities in the church

The annual Church Fete recorded gross receipts of £18,465 (2015: £18,535) – a net total of £15,066 after expenses, just slightly below last year’s record. We are very thankful for all the hard work by so many people that made this outcome possible. We have again given 10% of the net receipts from the Fete to support other good causes in Towersey.

Ministry expenditure is fully funded by voluntary and other receipts

Our Diocesan parish contribution towards the cost of clergy and support expenditure was £10,293 (2015: £10,631). Unrestricted voluntary receipts of £13,300 (2015: £14,267), plus receipts from weddings and funerals more than covered this and other ministry expenditure.

Looking back at 2016

What we spent

In 2016 our spending was allocated as follows:

What we received

In 2016 our income broadly matched our actual or planned expenditure:

What we gave

The principal donations made by the church in 2014 were:

£500 to Lighthouse Thame to help pay for the children's Bible holiday club.

£250 to Scripture Union to support its work with children and young people across the country.

£250 to Sharing Life Trust to support those in need in and around Thame

£500 to Tearfund to support their work to reduce poverty around the world.

£725 to Towersey Memorial Hall towards the cost of redecoration.

£625 to Towersey Playing Fields towards the provision of new facilities.

£125 to Towersey Newsletter towards operational expenditure.

We also sent a donation of £258 to Helen and Douglas House following the collection at the Carol Service.

Full details of the church activities and finances can be found in our Annual Report, which can be read or downloaded from this link.